As Bitcoin’s bull run loses momentum, the crypto market is catching its breath, with investors continuing their pursuit of altcoins. Binance, the world’s largest crypto exchange by volume, showcases today’s trending altcoins, as reported by the crypto data platform CryptoDiffer. BNB, Binance’s native token, leads the trend with a dominant 23% share of the exchange’s trading volume.
Following BNB, Bitcoin (BTC) holds the second spot, with Ethereum (ETH) coming in third. Ethereum’s trading volume dominance on Binance stands at 21%. These top cryptocurrencies are indicative of the market’s interest and the trading activity on the platform.
The list of trending altcoins on Binance continues with Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), Streamr (DATA), Polygon (MATIC), Fusionist (ACE), Sats (1000SATS), Ordi (ORD), Cosmos (ATOM), Chainlink (LINK), Sei (SEI), and Tron (TRX), reflecting a diverse range of projects gaining attention.
In the wake of Bitcoin’s retreat to around $40,600, the altcoin market has been moving sideways without a clear direction. However, Bitcoin’s push beyond the $43,000 threshold has been enough to stimulate some altcoins. CoinMarketCap’s list of top gainers over the past 24 hours is led by Stacks (STX), with a 20.90% increase, followed by NEAR Protocol (NEAR) and Mina (MINA) with 17.95% and 12.17% rises, respectively. The top five gainers are rounded out by Sui (SUI) and Hedera (HBAR), with increases of 8.85% and 8.08%.
On the flip side, the list of the biggest losers for the day is topped by Bonk (BONK), with a 9.83% decline, followed by Sats (1000SATS) and Ordi (ORD), with decreases of 9.78% and 7.21%, respectively. The fourth and fifth places are held by Internet Computer (ICP) and Terra Classic (LUNC), with drops of 5.40% and 5.15%.